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Corporate News 15 Jun 2018 | 12:00 AM

Disney under gun to respond to Comcast's US$65bil Fox bid

NEW YORK: Your move, Disney. After Comcast Corp made a US$65bil bid on Wednesday for 21st Century Fox Inc’s entertainment assets – the same holdings that Walt Disney Co had agreed to buy for about US$52.4bil – the Mouse House is under pressure to respond.

Property 21 Jul 2018 | 12:00 AM

Disney prevails in the Fox hunt

DISNEY always gets its happily ever after. Comcast Corp backed down from its pursuit of Rupert Murdoch’s 21st Century Fox Inc on Thursday morning, allowing Walt Disney Co to proceed with its own US$85.1bil acquisition of the assets, for which Disney has already obtained regulatory clearance (figure includes assumed debt).

Corporate News 14 Dec 2017 | 11:04 PM

Disney buying Fox film, TV units for US$52bil in digital push

NEW YORK: Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion (£39 billion) in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix Inc and Amazon.com Inc.

Business 10 Aug 2017 | 12:00 AM

Disney dream may become a nightmare for Netflix

NEW YORK: Disney might run the happiest place on Earth. But it's not so cheerful for Netflix.

Corporate News 07 Feb 2019 | 12:00 AM

Disney traditional TV operations beat forecasts

LOS ANGELES: Walt Disney Co is embarking on a mission to become a streaming-TV company, challenging Netflix Inc head-on. But for now, it’s traditional TV that’s holding up better than expected.

Corporate News 25 Jun 2018 | 5:46 AM

Disney’s ‘Star Wars’ headaches include outcry from its own fans

LOS ANGELES: Once again, Walt Disney Co. is at odds with “Star Wars” fans.

Corporate News 27 Apr 2018 | 12:00 AM

China’s craving for entertainment drives Shanghai Disney

SHANGHAI: As he opened an expansion to what is proving to be one of Walt Disney Co’s most successful theme parks, CEO Bob Iger said the US$5.5bil Shanghai Disney Resort will keep expanding to satisfy Chinese consumers’ “strong and growing demand for high quality themed entertainment.”

Advertising & Media 16 Dec 2017 | 12:00 AM

Disney keeps options open for Sky in US$52.4bil Fox deal

LONDON: Walt Disney Co is keeping its options open regarding European broadcaster Sky Plc.

Corporate News 13 Jun 2018 | 11:18 PM

Comcast offers US$65bil to lure Fox from Disney bid

Comcast Corp offered US$65 billion (£48.5 billion) on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co, launching the first salvo with its 20 percent higher offer and setting up a bidding war between two of the largest U.S. media companies.

Business 20 Dec 2016 | 12:00 AM

ESPN’s losing streak, media megadeals put Disney on the hot seat

LOS ANGELES: ESPN was once considered the crown jewel of Walt Disney Co, the gem in a TV line-up that generated more than 70% of the company’s annual operating profit.